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BITA, ATHM lift sector on Friday

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bounce_back January 9, 2015 (Chinavestor) Bitauto Holding (NYSE:BITA) and Autohome Inc. (NYSE:ATHM) were among the best Chinese stocks on Friday. BITA was trading up 4.7% while ATHM surged 4.6% amid heavy volume. Besides the Chinese auto sector, China Unicom (NYSE:CHU) advanced over 4% in morning trade. But it wasn't a cake walk for most Chinese stocks. Technology sector traded 6.9% lower from Thursday led by Momo Inc. (NASDAQ:MOMO) and Quihoo 360 Technology (NYSE:QIHU). Both stocks dropped over 20%. Sector heavy weight Alibaba Group (NYSE:BABA) and Baidu Inc. (NASDAQ:BIDU) fell 6.8% and 6.1%, respectively. The following chart lists the best and worst Chinese stocks be percentage change in the morning. See Bitauto Holding (NYSE:BITA) and Autohome Inc. (NYSE:ATHM) on top of the chart.

China_stock_movers_192014

Here are US listed Chinese sectors for the last month. Technology suffered while consumer cyclical stocks, like autos, shined.

 

China_sectors_dec2014



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